Agree Realty Balance Sheet Health

Financial Health criteria checks 3/6

Agree Realty has a total shareholder equity of $5.2B and total debt of $2.4B, which brings its debt-to-equity ratio to 46.4%. Its total assets and total liabilities are $7.8B and $2.6B respectively. Agree Realty's EBIT is $259.7M making its interest coverage ratio 3.2. It has cash and short-term investments of $10.9M.

Key information

46.4%

Debt to equity ratio

US$2.42b

Debt

Interest coverage ratio3.2x
CashUS$10.91m
EquityUS$5.20b
Total liabilitiesUS$2.57b
Total assetsUS$7.77b

Recent financial health updates

No updates

Recent updates

Agree Realty: Strong Performance In Q4, Good Financial Position (Rating Upgrade)

Feb 22

W. P. Carey Vs. Agree Realty: Hell Hath No Fury Like An Income Investor Scorned

Feb 13

Agree Realty: Who Else Is Backing Up The Truck With Me?

Jan 30

Agree Realty: Off The Lows But Still A Long-Term Buy Candidate

Jan 08

Agree Realty: A 5%-Yielding Monthly Dividend Payer On My Radar

Dec 14

Agree Realty: 4.9% Yield, Monthly Payer, Great Preferreds

Dec 04

Agree Realty And NNN REIT Q3: Solid Earnings Shows Why Both SWANs Are Great Buys Right Now

Nov 06

Realty Income And Agree Realty: Less Dumb Than The Stereotypes

Oct 19

Perception Is Not The Reality: 2 REITs I'm Buying All The Way Down

Oct 13

Agree Realty: One Of The Best Picks For A High Interest Rate Environment

Sep 28

Agree Realty: The Monthly Payer Is Absolutely Cheap But Relatively Expensive

Sep 14

Agree Realty: Buy The Dip For The 4.8% Yield

Sep 08

High Annualized Upside From Agree Realty At A Low Valuation

Aug 29

Agree Realty: Putting Their Money Where Their Mouth Is

Aug 08

Agree Realty: A Great Time To Buy The Dip

Jul 31

Agree Realty: A Perfect Tenant Replacement Stock

Jul 11

Cost Of Capital Advantage Makes Agree Realty A Better Value Than Spirit Realty

Jun 30

Agree Realty: A Steady REIT Income Play

Jun 20

Agree Realty: From Ugly REIT Duckling To Super SWAN

Jun 14

Agree Realty: Not Worth Buying At The Current Price

Feb 19

Agree Realty declares $0.24 dividend

Feb 13

Agree Realty: Perfect Macro Setup For This High-Quality Retail REIT

Feb 03

Agree Realty declares $0.24 dividend

Jan 12

Agree Realty: Hold On, There Are Better Choices

Dec 28

Agree Realty declares $0.24 dividend

Dec 13

Agree Realty: Another Dividend Hike For This Monthly Paying Net Lease REIT

Nov 13

Agree Realty raises dividend by 3% to $0.24

Oct 13

Agree Realty to settle outstanding forward equity for $599M, announces stock offering

Sep 28

Agree Realty: Safe 3.7% Yield, But Overvalued

Sep 12

Better NNN SWAN: Realty Income's 4.4% Yield Or Agree Realty's 3.8%

Sep 01

Agree Realty: Moving To Hold After A Strong Run In Shares

Aug 18

Agree Realty declares $0.234 dividend

Aug 11

3 Top Defensive Stocks On The Eve Of The July Fed Meeting

Jul 26

Agree Realty declares $0.234 dividend

Jul 12

Forget Realty Income, Buy Agree Realty Instead

Jun 24

Financial Position Analysis

Short Term Liabilities: ADC's short term assets ($101.1M) exceed its short term liabilities ($89.3M).

Long Term Liabilities: ADC's short term assets ($101.1M) do not cover its long term liabilities ($2.5B).


Debt to Equity History and Analysis

Debt Level: ADC's net debt to equity ratio (46.2%) is considered high.

Reducing Debt: ADC's debt to equity ratio has reduced from 58.3% to 46.4% over the past 5 years.

Debt Coverage: ADC's debt is not well covered by operating cash flow (16.2%).

Interest Coverage: ADC's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


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